Category: Economics & Investing

Zimbabwe: The Slow Slide Scenario

Comrade Mugabe, the Marxist dictator in Zimbabwe (the former Rhodesia) has instituted a virtual news blackout in that once great nation. Mugabe’s “War Veterans” (read: ex-terrorists) are busy again. After spending two years forcibly occupying some of the best farmland in the country (and thereby rendering it fallow) they are now bulldozing the homes, shops and subsistence garden plots of average city dwellers. As usual, the minority tribe is getting the worst of it. But that is hardly a news flash. Rhodesia was once the bread basket of Africa–its food exports fed much of the continent.But now, after 25 years …


The Housing Bubble

I’m sure that you’ve read about the bubble in residential real estate prices, most noticeably on the coasts in the U.S.. (There are similar bubbles in Oz and England, both of which have already seen their peaks. Far too many people have over-extended their finances buying houses. In fact, up to 35% of the houses being sold in some markets are being bought purely on speculation, with the goal of “flipping” them within six months to take advantage of the rising market. This is making some speculators a lot of quick money, for now. But at some point the music …


I Told You So!

I posted the following to the misc.survivalism Usenet newsgroup on February 8, 2001, under the title: Rawles Calls Major Bottom in Silver Price: “I have come to the conclusion that the long term bear trend in the price of silver has finally come to an end. Silver touched $4.55 earlier today. (Feb. 8, 2001.) If it closes in N.Y. at over $4.75 anytime in the next few weeks, that would be a strong bullish indicator. Look at the six month and ten year silver charts at www.kitco.com for the “big picture.” Once there is a strong bullish indication, don’t hesitate …